eCommerce

Irvine, Calif. -- Passco Cos. LLC said it has purchased four CVS stores in sale-leaseback deals.
 
All four stores are newly constructed and recently opened by CVS, typical of the prototype for newer CVS retail/pharmacy stores. These features include drive-thru pharmacies, pick up stations, integration of CVS merchandise plans with interior design, and exterior signage modified to meet local ordinances.

Fort Worth, Texas -- Trademark Property Co. said it is relaunching its WestBend mixed-use development in Fort Worth, Texas.

The move comes after strategically halting construction in fall of 2008 to wait for a recovery in the retail market. The first order of business will be the completion of the seven-level garage providing 798 parking spaces to serve the existing office buildings and restaurants. Additional new retail construction is slated to begin in mid-2012 with a grand opening projected for late 2013.

Miami Beach, Fla. -- Terranova Corp. announced that self-serve frozen yogurt concept FreshBerry has signed on to a long- term deal for an 1,800-sq.-ft. space in El Mercado Shopping Center, in Hialeah, Fla.

El Mercado is a Publix-anchored center with additional tenants such as Anna’s Linens, GNC and Pollo Tropical.

FreshBerry has also signed on to join Parkhill Plaza, in Miami, in a long term 1,600-sq.-ft. deal. Parkhill Plaza is a Winn-Dixie-anchored center.

Brooksville, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two new tenants in Brooksville, Fla., at Suncoast Crossing.

Sprint has leased 1,750 sq. ft., and Gia’s Cakes & Goodies has leased 1,400 sq. ft.

Both are slated to open this summer.

The 260,000-sq.-ft. shopping center is anchored by a 142,000-sq.-ft. Target and a 98,000-sq.-ft. Kohl’s alongside national retailers such as Supercuts and McDonald’s.
 

When it comes to shopping, Jeff Bezos, CEO of Amazon knows a thing or two about the subject, which is why it was fitting that he was the keynote speaker at Consumer Reports’ ShopSmart magazine summit on May 11. The founder of the leading online retailer offered insights on the consumer and the future of the industry.

EDEN PRAIRIE, Minn. — Supervalu banner Save-A-Lot has appointed a new leader, replacing company veteran Bill Shaner, who has lead the division since 2006.

New York City -- All Saints, the U.K. fashion retailer known for its dark interiors and edgy threads, has been bought by British investment firm Lion Capital and U.S. private equity firm Goode Partners, Britain’s The Telegraph reported. The purchase is likely to speed the chain’s expansion in the United States.

Reston, Va. -- Online U.S. retail spending reached $38.0 billion for the first quarter, up 12% versus year ago, according to comScore. It marked the sixth consecutive quarter of positive year-over-year growth and second consecutive quarter of double-digit growth rates.

New York City -- Britain’s trendy fashion brand Superdry plans to open three stores in the United States by July.

New stores are slated to open at Valley Fair, Santa Clara, Calif., in late May; at the South Street Seaport in Manhattan in June; and at Mall of America, in Bloomington, Minn., in July.

The company, which hopes to open 10 to 12 stores a year over the next four years, would like to open additional stores in the Los Angeles, Boston, Chicago and Miami markets, according to Women’s Wear’s Daily.

Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.